This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $102k initial cash invested.
-2.66%
Cash On Cash
6.36%
Cap Rate
0.96
DSCR
$3,530
Rent
-$226
Cashflow
Cash Flow
$3,530 income − $3,756 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$3,756
Mortgage P&I
62%
$2,199
Property Taxes
6%
$217
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388